Friday, June 2, 2023
Khmer Daily Cambodia News
34 °c
Phnom Penh
  • LATEST
  • CAMBODIA
  • ASIA
    • JAPAN
    • SOUTH KOREA
    • TAIWAN
  • WORLD
    • CHINA
    • RUSSIA
  • BUSINESS CAMBODIA
  • TECHNOLOGY
No Result
View All Result
  • LATEST
  • CAMBODIA
  • ASIA
    • JAPAN
    • SOUTH KOREA
    • TAIWAN
  • WORLD
    • CHINA
    • RUSSIA
  • BUSINESS CAMBODIA
  • TECHNOLOGY
No Result
View All Result
The Khmer Daily
No Result
View All Result
Home ASIA Cambodia

Phnom Penh Special Economic Zone share buyback planned for mid-December

December 7, 2020
in Business, Cambodia, National
0
Phnom Penh Special Economic Zone share buyback planned for mid-December
0
SHARES
25
VIEWS
Share on FacebookShare on Twitter

Phnom Penh Special Economic Zone (PPSP) will commence and execute its share buyback plan in the middle of December, if approved by the exchange and its regulator, according to information given to Khmer Times by the company’s management.

PPSP Chief Financial Officer Fong Nee Wai said, regarding the share buyback plan, that PPSP Management received shareholder approval for the plan via a shareholder resolution passed at the Extraordinary General Meeting.

“The management plans to meet with the Cambodia Securities Exchange (CSX) team before starting the share buyback plan, then will keep the SECC informed accordingly as the plan is executed on the CSX,” he said.

“Tentatively management is set to commence and execute the share buyback in the mid of December. Once executed, the share buyback, its related activities and numbers will be reported to the CSX and disclosed [publicly] immediately. The above activities must first obtain regulator and CSX approval before PPSP can proceed further,” he added.

PPSP traded at record low prices last month, closing yesterday at 1,590 riels a share. The company has been battling poor fiscal performance this year, and is also currently in an arbitration procedure in Singapore.

This article was first published in Khmer Times. All contents and images are copyright to their respective owners and sources.

Tags: CambodiaPhnom PenhPhnom Penh Special Economic Zoneshare buyback
Previous Post

First batch of Cambodian mangoes on their way to China

Next Post

The most koala-ful time of the year: Australian family finds marsupial in Christmas tree

Related Posts

Chinese tiremakers bet on recovery via new plants in Cambodia

Chinese tiremakers bet on recovery via new plants in Cambodia

by Khmer Times
May 30, 2023
0
2

Manufacturers in China, the world’s largest producer and exporter of tires, are building factories abroad in an optimistic mindset to...

Cambodia Mekong River cruise business ‘slowly’ getting back on track

Cambodia Mekong River cruise business ‘slowly’ getting back on track

by Khmer Times
May 30, 2023
0
0

Mekong River cruise business is getting back on track, but at a slow pace, according to a prominent player in...

$2 million electric motorbike assembly plant in Cambodia by Verywords Co Ltd launched

$2 million electric motorbike assembly plant in Cambodia by Verywords Co Ltd launched

by Khmer Times
May 30, 2023
0
3

South Korean eco-friendly electric two-wheel vehicle supplier Verywords Co Ltd inaugurated its plant to assemble electric scooters in Kandal province,...

Most Popular

2 Chinese tourists’ naked bodies found in Bali hotel

2 Chinese tourists’ naked bodies found in Bali hotel

May 6, 2023
221
Oriental Bank Plc, new commercial bank in Cambodia, to enter market ventured by G Capital Bhd, Public Bank Bhd, E S Packaging

Oriental Bank Plc, new commercial bank in Cambodia, to enter market ventured by G Capital Bhd, Public Bank Bhd, E S Packaging

December 12, 2020
3.6k
Harry takes a seat at coronation, but no balcony appearance

Harry takes a seat at coronation, but no balcony appearance

May 8, 2023
6
Dara Sakor International Airport in Koh Kong province of Cambodia delayed due to unfinished construction

Dara Sakor International Airport in Koh Kong province of Cambodia delayed due to unfinished construction

May 19, 2023
5
Korea’s wiring harness manufacturer starts production in Kampong Speu of Cambodia

Korea’s wiring harness manufacturer starts production in Kampong Speu of Cambodia

April 27, 2023
5
China urges Australia to help find crew of capsized fishing boat

China urges Australia to help find crew of capsized fishing boat

May 19, 2023
4

© 2020 By Khmer Daily News

No Result
View All Result
  • Home
  • Latest
  • Cambodia
  • ASIA
  • World
  • Business
  • Tech

© 2019 The Khmer Daily.

error: Content is protected !!